StandardAero, Inc. $SARO Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in StandardAero, Inc. by 69.7%, acquiring an additional 223,334 shares to own a total of 543,821 shares, valued at approximately $14.5 million.
• Major shareholder Gic sold 828,729 shares of StandardAero for about $22.6 million, reducing its stake by 2.35% but still retaining ownership of over 34 million shares valued at nearly $941 million.
• StandardAero's stock has seen a 1.1% increase recently, with a current share price of $27.16, while the company reported a revenue of $1.53 billion for the last quarter.

Charles Schwab Investment Management Inc. grew its stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 69.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 543,821 shares of the company's stock after buying an additional 223,334 shares during the period. Charles Schwab Investment Management Inc. owned 0.16% of StandardAero worth $14,487,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after buying an additional 825 shares in the last quarter. Cerity Partners LLC lifted its position in shares of StandardAero by 1.3% during the 1st quarter. Cerity Partners LLC now owns 69,342 shares of the company's stock valued at $1,847,000 after buying an additional 863 shares in the last quarter. KBC Group NV purchased a new position in shares of StandardAero during the 1st quarter valued at about $52,000. MetLife Investment Management LLC bought a new stake in StandardAero during the 4th quarter valued at approximately $54,000. Finally, BNP Paribas Financial Markets bought a new stake in StandardAero during the 4th quarter valued at approximately $79,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. CIBC decreased their target price on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research note on Tuesday, July 8th. Wall Street Zen downgraded StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, UBS Group lifted their target price on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, StandardAero presently has an average rating of "Moderate Buy" and an average target price of $34.67.

StandardAero Stock Down 1.8%

Shares of SARO stock traded down $0.49 during mid-day trading on Friday, hitting $26.47. The stock had a trading volume of 884,503 shares, compared to its average volume of 1,761,056. The firm has a market capitalization of $8.85 billion and a P/E ratio of 64.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.49. StandardAero, Inc. has a 12-month low of $21.31 and a 12-month high of $34.38. The firm's 50-day moving average is $28.88 and its two-hundred day moving average is $28.06.

StandardAero (NYSE:SARO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The company's quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. On average, analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

About StandardAero

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.